Payden Core Bond Fund Manager Performance Evaluation
| PYCSX Fund | USD 9.24 0.08 0.87% |
The fund holds a Beta of -0.0524, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Payden Core are expected to decrease at a much lower rate. During the bear market, Payden Core is likely to outperform the market.
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Over the last 90 days Payden Core Bond has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, Payden Core is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio | 0.4300 |
Payden |
Payden Core Relative Risk vs. Return Landscape
If you would invest 931.00 in Payden Core Bond on August 29, 2024 and sell it today you would lose (7.00) from holding Payden Core Bond or give up 0.75% of portfolio value over 90 days. Payden Core Bond is currently producing negative expected returns and takes up 0.3012% volatility of returns over 90 trading days. Put another way, 2% of traded mutual funds are less volatile than Payden, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Payden Core Current Valuation
Overvalued
Today
Please note that Payden Core's price fluctuation is very steady at this time. At this time, the fund appears to be overvalued. Payden Core Bond holds a recent Real Value of $9.03 per share. The prevailing price of the fund is $9.24. We determine the value of Payden Core Bond from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we support acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Since Payden Core is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Payden Mutual Fund. However, Payden Core's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 9.24 | Real 9.03 | Hype 9.24 | Naive 9.23 |
The intrinsic value of Payden Core's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Payden Core's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Payden Core Bond helps investors to forecast how Payden mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Payden Core more accurately as focusing exclusively on Payden Core's fundamentals will not take into account other important factors: Payden Core Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Payden Core's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Payden Core Bond, and traders can use it to determine the average amount a Payden Core's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0383
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | PYCSX |
Estimated Market Risk
| 0.3 actual daily | 2 98% of assets are more volatile |
Expected Return
| -0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Payden Core is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Payden Core by adding Payden Core to a well-diversified portfolio.
Payden Core Fundamentals Growth
Payden Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Payden Core, and Payden Core fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Payden Mutual Fund performance.
| Total Asset | 1.06 B | |||
About Payden Core Performance
Evaluating Payden Core's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Payden Core has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Payden Core has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Under normal market conditions, the fund invests at least 80 percent of its total assets in a wide variety of debt instruments and income-producing securities payable primarily in U.S. dollars. Payden Core is traded on NASDAQ Exchange in the United States.Things to note about Payden Core Bond performance evaluation
Checking the ongoing alerts about Payden Core for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Payden Core Bond help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Payden Core Bond generated a negative expected return over the last 90 days | |
| The fund generated three year return of -2.0% | |
| Payden Core Bond maintains about 15.14% of its assets in bonds |
- Analyzing Payden Core's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Payden Core's stock is overvalued or undervalued compared to its peers.
- Examining Payden Core's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Payden Core's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Payden Core's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Payden Core's mutual fund. These opinions can provide insight into Payden Core's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Payden Mutual Fund
Payden Core financial ratios help investors to determine whether Payden Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Payden with respect to the benefits of owning Payden Core security.
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals |